New Electricity Trading Arrangements (NETA) is the system of market trading arrangements under which electricity is traded in the United Kingdom's wholesale
electricity market
An electricity market is a system that enables the exchange of electrical energy, through an electrical grid. Historically, electricity has been primarily sold by companies that operate electric generators, and purchased by consumers or electr ...
as of 27 March 2001. The arrangements provided that parties could trade off their
imbalances close to real time.
BETTA
On 27 October 2003, NETA changed its name to the British Electricity Trading Transmission Arrangements, and expanding to become the single Great Britain electricity market of England, Wales and Scotland.
Ofgem archive on BETTA
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See also
* Electricity billing in the UK
* National Grid (UK)
The National Grid is the high-voltage electric power transmission network supporting the UK's electricity market, connecting power stations and major substations, and ensuring that electricity generated anywhere on the grid can be used to sati ...
* Grid Trade Master Agreement
References
External links
neta - Electricity Summary Page (live NETA information)
ELEXON Limited
Former nationalised industries of the United Kingdom
Electric power in the United Kingdom
Electricity supply industry
The electric power industry covers the generation, transmission, distribution and sale of electric power to the general public and industry. The commercial distribution of electric power started in 1882 when electricity was produced for elect ...
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